Ann: Detailed Restructuring Agreement Update, page-5

I have no doubt that there is mischief afoot but I could think of a number of reasons for the repeated deferral of the documents. For example:

1. Are we sure we know who is authorised to sign for and on behalf of shareholders? Is it possible for example that there is merit in JMahussey's assertion that he is the rightful owner? Presumably the court case continues so a resolve here might just negate any documents executed by non-shareholders supposedly on behalf of shareholders.

2. Maybe they can't agree on what and who gets any spoils for successfully constructing these amazing agreements? I could probably identify quite a few groups / people who could robustly reason that they ought to be tax effectively and corporate compliantly reimbursed for their priceless contribution to the resurrection of good governance and restoration of the status quo

3. Per one of the affidavits I've read, Raul had previously stammered signing anything because he truly didn't agree with the contents of the document. Maybe he's playing that game again?

4. Maybe this is fee driven. In days of yore, administrators remained in situ until there was no cash or liquid assets to pay their bills. Last reports suggests there is still some billable cash reserves so maybe he's just enjoying the challenge.

5. blah blah blah

In the background I think is an ASIC driven obligation to report so this will need to be kept in mind. It is noteworthy I think that they continue to ask for short term extensions ie 2 weeks. Why not 2 months if its all about masking an ulterior motive ... why keep reminding the market? And based upon what has been published to date, no cash has changed hands unwinding the ruse underpinning VA.

Frankly, who would know?

have a great day